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Sep 30, 2012 6:30pm EDT
of $100 billion unless congress and president obama do something about it. this has been called the -- and leading town what you might do next section do you think the cuts should be allowed to expire and the spending cuts allowed to happen? if not, how would you modify those plans? >> well, the fiscal cliff as they call it is a very serious issue and is a result of partisan impasse and gridlock where too many in washington put the interests of their party over the interests of the people. sequestration as it's called is indiscriminate and arbitrary across the board cuts and would devastate our economy and is not the right prescription. i support the president's plan, which is a balanced approach. it recognizes that we have twin challenges facing us, the need to reduce our debt and the need to energize our economy and we can't have a set of solutions to run that jeopardizes our ability to tackle the other. so i think with investments in education and research that grow our economy, middle class and small business tax cuts, that's the solution. >> governor thompson? >> we're head
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